Investing.com - Monster Beverage (NASDAQ:MNST) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.51 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $0.6987 on revenue of $1.61B.
Monster Beverage shares are down 0% from the beginning of the year and are trading at $89.75 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 18.44% from the start of the year.
Monster Beverage shares lost 6.86% in after-hours trade the report.
Monster Beverage follows other major Consumer Staples sector earnings this month
Monster Beverage's report follows an earnings missed by Procter&Gamble on Friday, July 29, 2022, who reported EPS of $1.21 on revenue of $19.52B, compared to forecasts EPS of $1.22 on revenue of $19.4B.
Nestle ADR had matched expectations on Thursday, July 28, 2022 with second quarter EPS of $2.18 on revenue of $24.41B, compared to forecast for EPS of $2.18 on revenue of $23.59B.
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